Algonquin Power & Utilities Corp (NYSE: AQN) is -0.45% lower on its value in year-to-date trading and has touched a low of $4.19 and a high of $6.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AQN stock was last observed hovering at around $4.56 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $4.43, the stock is -0.01% and -3.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.4 million and changing -2.85% at the moment leaves the stock -18.61% off its SMA200. AQN registered -27.26% loss for a year compared to 6-month loss of -28.55%. The firm has a 50-day simple moving average (SMA 50) of $4.5708 and a 200-day simple moving average (SMA200) of $5.4426.
The stock witnessed a -1.34% gain in the last 1 month and extending the period to 3 months gives it a -9.96%, and is -0.89% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.01% over the week and 2.85% over the month.
Algonquin Power & Utilities Corp (AQN) has around 3500 employees, a market worth around $3.50B and $2.56B in sales. Fwd P/E is 14.51. Profit margin for the company is -39.77%. Distance from 52-week low is 5.73% and -34.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.44%).
The EPS is expected to shrink by -26.34% this year.
Algonquin Power & Utilities Corp (AQN) Top Institutional Holders
347.0 institutions hold shares in Algonquin Power & Utilities Corp (AQN), with institutional investors hold 62.99% of the company’s shares. The shares outstanding are 767.15M, and float is at 766.41M with Short Float at 2.42%. Institutions hold 62.94% of the Float.
The top institutional shareholder in the company is STARBOARD VALUE LP with over 62.14 million shares valued at $364.15 million. The investor’s holdings represent 9.0116% of the AQN Shares outstanding. As of 2024-06-30, the second largest holder is ROYAL BANK OF CANADA with 28.91 million shares valued at $169.43 million to account for 4.1929 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 27.04 million shares representing 3.922% and valued at over $158.48 million, while GOLDMAN SACHS GROUP INC holds 3.0195 of the shares totaling 20.82 million with a market value of $122.01 million.
Algonquin Power & Utilities Corp (AQN) Insider Activity
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